Exxon Mobil News - August 2026
Trump Names ExxonMobil in Venezuela Oil Push; Company Remains Silent
U.S. President Donald Trump on Monday identified ExxonMobil as among the American energy companies that are “going in” to Venezuela. The statement follows the...
Brent crude nears $90, as U.S. and Iran trade strikes
Global oil prices rose more than 2% on Monday. Brent crude futures climbed toward $90 a barrel. West Texas Intermediate rose above $85. The U.S. military...
Exxon Warns Tengiz Oilfield Nears Peak, Forecasting 40% Production Slump
Exxon Mobil formally warned Kazakhstan that the giant Tengiz oilfield is nearing peak output. Production at the country's largest field will plateau next year...
Oil prices jump, as Iran sets conditions to reopen Strait of Hormuz
Oil prices rose on Monday amid mounting uncertainty regarding the reopening of the Strait of Hormuz. Brent crude surpassed $84 per barrel. U.S. West Texas...
Exxon Mobil offers $80B Kazakhstan expansion, seeks end to $150B dispute
Exxon Mobil proposed an $80 billion joint investment to develop the western Kashagan oil field. The project involves a 50-50 joint venture with state-owned...